Tuesday, September 23, 2014

South Korea Wants to be the 3rd Most Advanced Nation for UAVs by 2023

South Korea aims to become the third most technologically advanced producer of drones in the world in 2023 by utilizing its edge in the information technology field, the country's state-run aerospace research institute said Thursday.

The Korea Aerospace Research Institute announced at an aerospace industry forum in Seoul that the country is poised to become a leader in the global unmanned aerial vehicle (UAV) market, which is expected to grow 10 percent annually up till the target year.

"By 2023, South Korean should only trail behind the United States and Israel in terms of technological prowess while ranking as the fourth largest supplier of drones as measured in sales," Choi Seong-wook, the director of the institute's future aircraft system said.

At present, South Korea currently ranks 7th among the "Tier 1" leading countries, which include the United States, France, Britain, Germany, Israel, Australia, Japan and Singapore, that possess the highest technological handling capabilities and quick new-technology absorption abilities.

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